The dollar strengthened against major peers including the euro and yen on Thursday following U.S. economic data, which would likely restrain the future interest rate cuts by the Federal Reserve. The Commerce Department reported that U.S. gross domestic product rose by an upwardly revised rate of 3.8% from April through June, higher than 3.3% initially reported.
* Investor focus on US GDP, inflation data. * Cautious Fedspeak pare some rate cut bets. * Yen wobbles on LDP election jitters, BOJ rate hike bets. By Ankur Banerjee.
Gold rebounded on Thursday, driven
by expectations of further U.S. interest rate cuts and
geopolitical risks, while a slightly weaker dollar also lent
support to bullion prices ahead of key economic ...
LAVAL, QC, Sept. 24, 2025 ?Alimentation?Couche-Tard Inc. announced today that it has priced a private debt offering of US dollar denominated senior unsecured notes with an aggregate principal amount of US$1.2 billion, consisting of two tranches of notes, and that it has priced a private debt offering of Canadian dollar denominated senior unsecured notes with an aggregate principal amount of Cdn...
Oil prices steadied?on Thursday after hitting a seven-week high in the previous session as Russia moved?to restrict fuel exports until the end of the year, but the gains were limited by new U.S. economic data that tempered optimism around further interest rate cuts.
Debate around politicization of the Federal Reserve has mostly centered on its interest rate-setting independence. These are the pipelines of dollar liquidity to central banks that the Fed opens in times of crisis, like 2008 and 2020, to keep the dollar-based global financial system from seizing up. That's the assumption.
California Resources Corp (CRC): * CALIFORNIA RESOURCES CORPORATION ANNOUNCES PRICING OF PRIVATE OFFERING OF $400 MILLION OF SENIOR UNSECURED NOTES Source text: Further company coverage:
NRG Energy Inc (NRG): * NRG ENERGY, INC. ANNOUNCES PRICING OF SENIOR SECURED NOTES AND SENIOR UNSECURED NOTES. * NRG Energy Inc (NRG) - PRICES $625 MILLION OF 4.734% NOTES DUE 2030. * NRG Energy Inc (NRG) - PRICES $625 MILLION OF 5.407% NOTES DUE 2035. * NRG Energy Inc (NRG) - PRICES $1.25 BILLION OF 5.750% NOTES DUE 2034.
NRG Energy (NRG) said late Wednesday it priced senior secured and unsecured notes in concurrent offerings. The company priced $625 million of 4.734% senior secured first lien notes due 2030 and an identical amount of 5.407% senior secured notes due 2035. NRG also priced $1.25 billion of 5.75% senior unsecured notes due 2034 and $2.40 billion of 6% senior notes due 2036, according to a statement.
Funds Support Expansion of Staff to Support Growing Operations. In a shared commitment to community revitalization and economic empowerment, the Federal Home Loan Bank of Dallas and FBT Bank & Mortgage have awarded $30,000 in Partnership Grant Program funds to Home Again Pine Bluff. This press release features multimedia.
California Resources (CRC) said late Wednesday it has priced a private offering of $400 million in 7% senior unsecured notes due 2034, as it gears up to fund its pending merger with Berry. The energy and carbon management company expects to raise around $394 million in net proceeds. The offering is expected to close on Oct. 8. MT Newswires does not provide investment advice.
Moody's: * MOODY'S RATINGS UPGRADES COSTA RICA'S RATINGS TO BA2; CHANGES OUTLOOK TO STABLE FROM POSITIVE. * MOODY'S: UPGRADE REFLECTS VIEW THAT PROSPECTS FOR COSTA RICA'S FISCAL & DEBT METRICS HAVE IMPROVED MEANINGFULLY. * MOODY'S: STABLE OUTLOOK REFLECTS BALANCE OF UPSIDE & DOWNSIDE RISKS TO COSTA RICA'S BA2 RATING.
TRADING DAY. Making sense of the forces driving global markets. By Jamie McGeever, Markets Columnist?. Wall Street fell on Wednesday as record high prices and lofty valuations gnawed away at sentiment, while the dollar rose as investors continued to digest Federal Reserve Chair Jerome Powell's cautious comments this week on further rate cuts.
TRADING DAY. Making sense of the forces driving global markets. By Jamie McGeever, Markets Columnist. Wall Street fell on Wednesday as record high prices and lofty valuations gnawed away at sentiment, while the dollar rose as investors continued to digest Federal Reserve Chair Jerome Powell's cautious comments this week on further rate cuts.
Mirion Technologies (MIR) said late Wednesday it plans to offer $250 million of convertible senior notes due 2031 to institutional buyers. The company will grant underwriters a 13-day overallotment option to buy up to an additional $37.5 million of the notes, the company said. Separately, the company said it launched a public offering of $350 million of class A common shares.
NRG Energy, Inc. (NRG) has priced its concurrent offerings of senior secured first lien notes, consisting of $625 million aggregate principal amount of 4.734% senior secured first lien notes due 2030 and $625 million aggregate principal amount of 5.407% senior secured first lien notes due 2035 and senior unsecured notes, consisting of $1,250 million aggregate principal amount of 5.750% senior notes d...
US equities fell for the second straight day, while Treasury yields rose as investors continued to evaluate what appeared to be hawkish remarks made by Federal Reserve Chair Jerome Powell on Tuesday. The Dow Jones Industrial Average lost 0.4% to 46,121.3 on Wednesday.
San Francisco Federal Reserve President Mary Daly on Wednesday said she would not call the labor market weak, though it has cooled from its formerly "solid" state. "I'd say it's sustainable, but ... I do not want to see further softening," Daly said in Salt Lake City.
SmartStop Self Storage REIT (SMA) said late Wednesday that it has completed a CA$200 million series B senior unsecured notes issuance in the Canadian Maple Bond market. The five-year notes, issued through SmartStop, bear a 3.888% interest rate, mature on Sept. 24, 2030, and pay interest semiannually starting in March 2026, the report said.
California Resources Corporation (CRC) announced today the pricing of its private offering of $400 million in aggregate principal amount of its 7.000% senior unsecured notes due 2034 at par. The Company estimates that the net proceeds from the offering will be approximately $394 million after deducting the initial purchasers' discount and estimated expenses.
Light & Wonder (LNW) said Wednesday its unit Light and Wonder International has completed a private offering of $1 billion of 6.25% senior unsecured notes due 2033.
Transocean (RIG) plans to sell 100 million shares in an underwritten public offering and grant underwriters a 30-day option to buy up to an additional 15 million shares. Net proceeds will be used to repay or redeem debt, including part of the $655 million in 8% senior notes due February 2027 issued by the Transocean International subsidiary, the company said Wednesday in a statement.
US equity indexes were lower after the close on Wednesday, continuing their downward trend from the previous session, as most Treasury yields gained a day after the US Federal Reserve said there is no risk-free path to rate cuts.
Hertz Global Holdings, Inc. (HTZ), a leading global rental car company, today announced that its wholly-owned indirect subsidiary, The Hertz Corporation, intends to offer, subject to market and other conditions, $250 million in aggregate principal amount of Exchangeable Senior Notes due 2030, in a private offering exempt from the registration requirements of the Securities Act of 1933, as amended.
US equity indexes fell Wednesday for the second straight day, while most government bond yields rose. * US new-home sales surged 20.5% in August, reaching an annual rate of 800,000, up from a revised 664,000 in July, surprising analysts in a Bloomberg survey expecting a drop to 650,000.
KalVista Pharmaceuticals (KALV) said late Wednesday it plans to issue $110 million of convertible senior notes due 2031 in a private placement, subject to market conditions. KalVista plans to give initial purchasers an option to buy up to an additional $15 million of notes.
SmartStop Self Storage REIT, Inc. (SMA), an internally managed real estate investment trust and a premier owner and operator of self-storage facilities in the United States and Canada, announced that it has closed its previously announced CAD$200 million aggregate principal amount of Series B Senior Unsecured Notes, due September 24, 2030.
BKV Corporation (BKV) today announced that BKV Upstream Midstream, LLC, a wholly owned subsidiary of BKV, has priced, at par, its private offering of $500 million aggregate principal of 7.500% senior notes due 2030.
-San Francisco Federal Reserve Bank President Mary Daly said on Wednesday she "fully supported" the decision by the Fed to cut its policy rate last week and expects further reductions ahead. "Will they come right now, this year or going forward?" Daly said at the University of Utah's David Eccles School of Business.
Light & Wonder, Inc. (LNW) today announced that its wholly owned subsidiary, Light and Wonder International, Inc., successfully completed a private offering of $1 billion in aggregate principal amount of new 6.250% senior unsecured notes due 2033 at an issue price of 100.000%. The net proceeds of the Notes offering will be used to repay all outstanding borrowings under LNWI?s revolving credit facilit...
Financial stocks were decreasing in late Wednesday afternoon trading, with the NYSE Financial Index shedding 0.6% and the Financial Select Sector SPDR Fund off 0.4%. The Philadelphia Housing Index was up 0.1%, and the Real Estate Select Sector SPDR Fund was decreasing 0.9%. Bitcoin was increasing 1.4% to $113,663, and the yield for 10-year US Treasuries was rising 3 basis points to 4.15%. In ec...
US equity indexes headed for the second straight decline ahead of the close on Wednesday as most government bond yields gained. The Nasdaq Composite fell 0.5% to 22,461.91, the S&P 500 dropped 0.4% to 6,633.91, and the Dow Jones Industrial Average declined 0.4% to 46,117.4. The materials sector led the declines, while energy paced the gainers.
U.S. Treasury yields inched higher on Wednesday, driven by higher corporate and government bond supply, a day after Federal Reserve Chair Jerome Powell signaled caution around the U.S. central bank's next interest rate decision.
* Wall Street, MSCI index fall. * Fed Chair Powell gives no new direction on rate cuts. * European defence stocks jump after Trump's comments on Ukraine. * US new home sales show upside surprise. * Gold falls while oil and Treasury yields rise. By Sin?ad Carew and Amanda Cooper.
Financial stocks were decreasing in late Wednesday afternoon trading, with the NYSE Financial Index shedding 0.6% and the Financial Select Sector SPDR Fund off 0.4%. The Philadelphia Housing Index was up 0.1%, and the Real Estate Select Sector SPDR Fund was decreasing 0.9%. Bitcoin was increasing 1.4% to $113,663, and the yield for 10-year US Treasuries was rising 3 basis points to 4.15%. In ec...
* Fed Chair Powell emphasizes balance between jobs and inflation. * Euro falls after rising for two straight sessions. * NZ dollar drops after appointment of new central bank chief. * Yen lower as traders assess candidates for Japanese PM. By Chibuike Oguh and Canan Sevgili.
AM Best has upgraded the Financial Strength Rating to A+ from A and the Long-Term Issuer Credit Ratings to ?aa-? from ?a+? of the insurance members of HAI Group. The ratings reflect HAI Group?s balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, favorable business profile and appropriate enterprise risk management.
AM Best has assigned a Long-Term Issue Credit Rating of ?a-? to the recently issued $350 million, 5% 10-year senior unsecured notes due September 2035, issued by American Financial Group, Inc. (AFG) [NYSE: AFG]. The outlook assigned to this Credit Rating is stable. AFG plans to use the net proceeds of the offering for general corporate purposes including share repurchase.
The National Association of Realtors' measure of US existing-home sales is expected to slow to a 3.96 million annual rate in August, based on a survey compiled by Bloomberg, after rising by 2% to a 4.01 million rate in July. Existing-home sales were at a 3.93 million rate in August 2024, so the year-over-year change would be only slightly positive.
-Federal Reserve Bank of Chicago President Austan Goolsbee said the U.S. jobs market remains "mostly steady and solid" and warned against a series of interest rate cuts, the Financial Times reported on Thursday.
According to Daren King over at National Bank, we now have a complete picture of the first quarter during which the U.S. tariffs were imposed, and it's "far from reassuring". King noted Quebec's real GDP contracted by the most since the 2008-2009 financial crisis, and by more than the country as a whole in Q2.
U.S. Treasury yields inched higher on Wednesday, driven by higher corporate and government bond supply, a day after Federal Reserve Chair Jerome Powell signaled caution around the U.S. central bank's next interest rate decision.
US benchmark equity indexes fell intraday, extending losses from the previous session that followed Federal Reserve Chair Jerome Powell's speech. The Nasdaq Composite was down 0.5% at 22,461.2 after midday Wednesday, while the S&P 500 fell 0.4% to 6,632.1. The Dow Jones Industrial Average lost 0.3% to 46,172.9. Among sectors, materials saw the biggest drop, while energy paced the gainers.
Financial stocks were decreasing in Wednesday afternoon trading, with the NYSE Financial Index shedding 0.5% and the Financial Select Sector SPDR Fund off 0.4%. The Philadelphia Housing Index was rising 0.3%, and the Real Estate Select Sector SPDR Fund was down 0.5%. Bitcoin was increasing 1% to $113,826, and the yield for 10-year US Treasuries was rising 2.3 basis points to 4.14%. In economic ...
Financial stocks were decreasing in Wednesday afternoon trading, with the NYSE Financial Index shedding 0.4% and the Financial Select Sector SPDR Fund off 0.2%. The Philadelphia Housing Index was rising 0.3%, and the Real Estate Select Sector SPDR Fund was down 0.5%. Bitcoin was increasing 1% to $113,826, and the yield for 10-year US Treasuries was rising 2.3 basis points to 4.14%. In corporate...
US benchmark stock indexes traded lower while government bond yields rose in midday trading on Wednesday. The Nasdaq Composite was down 0.5% to 22,465.7, the S&P 500 slid 0.3% to 6,634.2, and the Dow Jones Industrial Average fell 0.2% to 46,205.3. Energy led the gainers, while materials and technology were the steepest decliners intraday.
In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.
Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.
Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.
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